How the (WMS) price action is used to our Advantage

March 26, 2024, 19:52 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for WMS

• Buy WMS slightly over 154.88 target 170.72 stop loss @ 154.43 Details

The technical summary data tells us to buy WMS near 154.88 with an upside target of 170.72. This data also tells us to set a stop loss @ 154.43 to protect against excessive loss in case the stock begins to move against the trade. 154.88 is the first level of support below 167.8 , and by rule, any test of support is a buy signal. In this case, support 154.88 is being tested, a buy signal would exist.

• Short WMS slightly under 170.72, target 154.88, stop loss @ 171.21 Details

The technical summary data is suggesting a short of WMS as it gets near 170.72 with a downside target of 154.88. We should have a stop loss in place at 171.21though. 170.72 is the first level of resistance above 167.8, and by rule, any test of resistance is a short signal. In this case, if resistance 170.72 is being tested, a short signal would exist.

Swing Trading Plans for WMS

• Buy WMS slightly over 169.36, target 170.72, Stop Loss @ 168.87 Details

If 169.36 begins to break higher, the technical summary data tells us to buy WMS just slightly over 169.36, with an upside target of 170.72. The data also tells us to set a stop loss @ 168.87 in case the stock turns against the trade. 169.36 is the first level of resistance above 167.8, and by rule, any break above resistance is a buy signal. In this case, 169.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WMS slightly near 169.36, target 154.88, Stop Loss @ 169.85. Details

The technical summary data is suggesting a short of WMS if it tests 169.36 with a downside target of 154.88. We should have a stop loss in place at 169.85 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 169.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for WMS

• Buy WMS slightly over 169.36, target 170.91, Stop Loss @ 168.96 Details

If 169.36 begins to break higher, the technical summary data tells us to buy WMS just slightly over 169.36, with an upside target of 170.91. The data also tells us to set a stop loss @ 168.96 in case the stock turns against the trade. 169.36 is the first level of resistance above 167.8, and by rule, any break above resistance is a buy signal. In this case, 169.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short WMS slightly near 169.36, target 166.47, Stop Loss @ 169.76. Details

The technical summary data is suggesting a short of WMS if it tests 169.36 with a downside target of 166.47. We should have a stop loss in place at 169.76 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 169.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Advanced Drainage Systems Inc. (WMS) available here: WMS.

WMS Ratings for March 26:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	139.34
P2	166.47	169.36	154.88
P3	170.91	175.4	170.72

AI Generated Signals for WMS

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Advanced Drainage Systems Inc. (NYSE: WMS) data table below can help you with price action, and we have more details too. Trading plans for WMS are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.